The National Oil Corporation announces a new oil discovery in the Sirte Basin.
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Tripoli, October 29, 2025 (LANA) – The National Oil Corporation (NOC) announced an oil discovery made by the Austrian company OMV Ltd. (Libya Branch) in the Sirte Basin, specifically in Block 106/4, at well B1.
According to the NOC, production tests at this exploratory well, which reaches a depth of 10,476 feet, yielded an average production rate of over 4,200 barrels of oil per day, while gas production rates exceeded 2.6 million cubic feet per day.
The NOC clarified that this well represents the first discovery for the aforementioned company's exploration activities in Block 106/4, under the Exploration and Production Sharing Agreement (EPSA) signed in 2008 between the NOC, as the owner, and OMV, as the operator.
...(LANA)...